Musk suspends talks with investors to finance Twitter purchase – Washington Post

Musk's team halted discussions with investors in recent weeks after realizing they were unable to gauge Twitter's business prospects and verify data from fake accounts and spam bots on the social network, the sources say.

Twitter itself previously transferred to partners information from the database for corporate clients of the social network: it contains a log of tweets in real time, the number of devices and accounts from which posts are made on the platform.

One of the newspaper's sources knows that the billionaire's team is going to make decisions in the near future that will "radically change" the situation with the agreement. What exactly they will be, the interlocutors of the publication did not specify.

If Musk refuses to buy, this will lead to a lawsuit. The terms of the agreement suggest that Musk must pay $1 billion to terminate it.

Legal experts told the Washington Post that Twitter is capable of forcing Musk to buy the social network if the reason for rejecting the deal is not related to the company's core business.

Musk, in his original proposal, did not take advantage of the right granted to him to delve into the financial situation of Twitter.

Elon Musk agreed to buy Twitter for $44 billion in April. Later, the businessman said that he considered it appropriate to pay less for Twitter: he estimated the share of spam accounts in the social network at 20-25%.